India’s real estate sector has undergone a remarkable transformation over the last three decades. What was once a fragmented, locally driven market has evolved into a sophisticated and increasingly institutional asset class that attracts both global and domestic capital at scale.
In the latest episode of Cushman & Wakefield’s Bottomline podcast, Anshul Jain, Chief Executive – India, SEA, MEA and APAC Office & Retail, sits down with Mike Holland, Partner & Managing Director – Singapore, AGP Group, to reflect on that transformation and the role he has played in it.
An early pioneer of the IPC business in India, Mike shares his perspective on how the market took shape, from its occupier-led beginnings to the gradual institutionalisation of capital. He also looks back at the journey to India’s first listed REIT in 2019 – an inflection point that helped deepen the market and broaden investor participation, particularly from domestic capital. The conversation also turns to what lies ahead: how AI is reshaping the nature of work, why the role of office remains more relevant than ever, and how real estate is increasingly intersecting with digital infrastructure, from data centres to new asset classes that are redefining the sector’s next phase. Tune in to hear the full episode.